China was willing to offer more in climate finance, says Cop29 president

Mukhtar Babayev applauds during a closing meeting at Cop29 on Sunday. He said the final deal ‘almost didn’t happen’.Mukhtar Babayev applauds during a closing meeting at Cop29 on Sunday. He said the final deal ‘almost didn’t happen’.

China is classed as a developing country under the ​UN climate process, which means it carries no obligation to provide finance to poorer countries, while the rich economies do. At, rich countries demanded that the donor base should be broadened to include emerging economies such as China and petrostates such as Saudi Arabia.

He noted that it took pressure from the presidency to force the EU to increase its deal​ beyond the originally proposed $250bn.

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